This shape usually have a higher chance to break lower than to break higher. But its the good indicator to see wether it will confirm the breakout or it will go down to retest first. I’m ok with both. I already have tons of stocks which I bought at the very low price, and I still have cash to buy the discounted good companies.
The price is above the both moving average. There is a higher high with higher low. Many big-cap stocks have already shown the reversal signal. This could be a good short term technical buying point for some stock that have good risk/reward.
This is the hourly graph of SET. The price had reached resistance. Higher chance to do a gap down especially if it breaks 895 which is a new low.
S50H2020 now reach to the key resistance at 961
S501! trading inside 4 years area this may confirmed a downtrend move until we met a strong long-term buyer(expected around 970ish).
Just Note to my idea not get in the position it is to late